Robert Vadra Cleared in Real Estate Land Scam, PMO Declares Him Innocent.
Real estate builders are turning to online reputation management systems to address negative comments from home buyers on social media due to project delays.
Gammon India, grappling with financial losses and a substantial debt of Rs. 3200 Crore, is monetizing real estate assets due to high financing costs. The company looks to reduce debt.
Indiabulls Real Estate Ltd. is opening its first overseas office in the UAE to assist UAE NRIs in property investment. The company plans expansion to Qatar, Saudi Arabia, and Bahrain.
Global sports icons like Maria Sharapova and Michael Schumacher are endorsing real estate projects in India, aiming to attract high-end clientele and rejuvenate the market.
Ponty and Hardeep Chadha, real estate moguls, were killed during a property dispute at their farmhouse, leading to police arrests of implicated security personnel.
Air India plans to monetize its real estate assets, including properties in Delhi, Mumbai, Chennai, London, and Tokyo, to address its financial challenges and raise around Rs. 5,500 crore over the next ten years.
Bollywood superstar Shahrukh Khan has become the brand ambassador for NCR-based real estate developer Mahagun, marking his first endorsement in the real estate sector.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
Real estate Private Equity firms face liquidity issues due to demands for increased transparency from investors. This situation is seen globally, not just in India.
Arvind Kejiriwal launched his political party, India Against Corruption, on October 2, 2012, aiming to combat corruption in Indian politics and attract public support.
Nitin Gadkari and Purti Group face allegations of a real estate scam involving farmers' land. Arvind Kejriwal, leader of India Against Corruption (IAC), accuses Gadkari of wrongdoing.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
Deccan Chronicle Holdings plans to sell the IPL franchise Deccan Chargers to Kamla Landmarc Real Estate, amidst ongoing court proceedings and shareholder approvals.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
Telenor and Unitech dissolve their Indian telecom joint venture, Uninor, following the 2G spectrum scandal. Telenor plans to establish a new entity and participate in upcoming spectrum auctions.
The Indian government dismissed inquiries into claims against Robert Vadra and DLF Ltd. Vadra denied accusations of using political power for illegal land deals. DLF shares fell sharply.
Private equity (PE) firms, once major real estate investors, now seek exits due to low returns. Over-optimism and soaring valuations have led to challenges, prompting caution.
CREDAI urges 10,000+ members to reject bribery, combatting corruption allegations in real estate. President Lalit Kumar Jain announced an "all-out war" against corruption, advocating for administrative reforms and transparency.
SEBI Approves Two More Alternative Investment Funds, Boosting Real Estate Investment
Online real estate advertising is a growing trend in India, offering advantages such as wider coverage, affordability, and time efficiency, with an estimated 85% of real estate marketing starting online.
Lodha Group in talks to buy DLF's Mumbai plot for $500 million.
Century Real Estate and IIM Bangalore have formed a partnership to launch a research initiative focused on the Indian real estate sector's data and policy guidance.
CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.
PwC stated at a conference that due to the global financial crisis, emerging markets' GDP may exceed advanced economies' sooner than anticipated, requiring real estate investors to adapt.
